The Credit Clubhouse

NAV Lending Moves Down Market with Tim Ivers & Dan Nolan of Warana Capital

This episode is presented by 9fin. The AI-native platform for modern credit teams. Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration. 00:00 – Introduction & the state of NAV lending 03:00 – NAV lending’s shift toward the middle market 07:00 – The evolution of NAV loan use cases 10:00 – A breakdown of buyout, venture, growth equity, infrastructure, and private credit strategies—and how underwriting differs across each. 14:00 – How documentation, loan structures, and lender expectations have matured as the market scales. 18:00 – Why early LP engagement and clearer governance around NAV facilities are becoming increasingly important. 22:00 – The operational realities of underwriting fund structures, collateral packages, and bespoke financing solutions. 26:00 – Capital calls, liquidity pressure & bridging solutions 30:00 – Regulatory risk, leverage levels & market hype 35:00 – Best practices for GPs + closing personal insights Tim Ivers, CEO, Warana Capital - https://www.linkedin.com/in/tim-ivers-28317412/ Dan Nolan, Managing Director - Head of Origination, Warana Capital - https://www.linkedin.com/in/dan-nolan-2626a341/ NAV Lending Whitepaper - Warana Capital LLC [https://www.waranacap.com/nav-lending-whitepaper/] Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/ https://linktr.ee/thecreditclubhousepodcast

TCC Live Series - Benchmarking Private Credit with S&P Dow Jones Indices and Lincoln International

This episode is presented by 9fin. The AI-native platform for modern credit teams. Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration. 00:00 - Kicking Off: Welcome to the Clubhouse and Guest Introductions 02:36 - Unpacking the S&P Lincoln Senior Debt Index: What It Is and Why Now 06:39 - Addressing Opacity: The Critical Need for Private Credit Benchmarking 09:58 - LP Reactions, Asset-Level Data, and the Index's Future Evolution 16:36 - Comparing Private and Public Markets: The Enduring Liquidity Premium 21:21 - The Democratization of Private Credit and Retail Investor Education 25:54 - Navigating Competing Benchmarks and Identifying the Market's Biggest Unlock 31:33 - Fun Facts, Future Predictions, and Podcast Conclusion Eszter Hauber, Director, S&P Dow Jones Indices - https://www.linkedin.com/in/eszterhauber/ Brian Garfield, Global Head of Portfolio Valuations, Lincoln International - https://www.linkedin.com/in/brian-garfield-asa-cfa-49290813/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/ https://linktr.ee/thecreditclubhousepodcast

TCC Live Series - Liquidity, Leverage & IRR: The Borrower’s Toolkit in Fund Finance with Dina Kook of Monroe Capital

This episode is presented by 9fin. The AI-native platform for modern credit teams. Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration. 00:00 - Welcome to The Credit Clubhouse with Dina Kook of Monroe Capital 01:57 - Assessing today's borrower and lender fund finance market 06:00 - Dina Kook's lender-to-borrower insight and Monroe's differentiation 09:22 - Monroe Capital's core borrowing objectives and product utilization 13:17 - Increased LP transparency and diverse investor participation in fund finance 16:25 - The natural progression of fund finance market convergence 18:33 - The future of fund finance: non-banks, AI, and the human element 21:25 - Personal insights, hobbies, and a 12-month market prediction 25:09 - Thank you for listening to The Credit Clubhouse Podcast Dina Kook, Managing Director, Head of Fund Finance, Co-Head of New York Office, Monroe Capital -https://www.linkedin.com/in/dinakook/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/ https://linktr.ee/thecreditclubhousepodcast

TCC Live Series: Fraud, Covenants & Course Correction in Direct Lending with Tom Quinn of 9fin

This episode is presented by 9fin. The AI-native platform for modern credit teams. Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration. 00:00 - Kicking off with market status and sponsor insights 02:35 - Unpacking private credit's crisis and investor responses 04:56 - Getting to know 9fin's private credit reporter 06:02 - Understanding redemption requests and semi-liquid funds 07:45 - Analyzing credit blow-ups and loosening of underwriting standards 12:00 - Exploring AI's uncertainty across tech and other industries 14:24 - How fraud cases are reshaping market standards and docs 19:43 - The push for transparency and secondary market challenges 22:52 - Uncovering overlooked issues and hidden distress in credit 26:34 - Predicting the next 3 - 4 years in private credit markets 28:44 - Quick takes and personal insights with Tom Quinn 31:06 - Wrapping up Tom Quinn, Reporter, 9fin - https://www.linkedin.com/in/tmichaelquinn/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/ https://linktr.ee/thecreditclubhousepodcast

The Credit Convergence Happening in Plain Sight with Jeff Hobbs of Voya Investment Management

This episode is presented by 9fin. The AI-native platform for modern credit teams. Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration. Jeffrey Hobbs, Chief Investment Officer - Fixed Income, Voya Investment Management - https://www.linkedin.com/in/jeffrey-hobbs-03b93712/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/ https://linktr.ee/thecreditclubhousepodcast